Forum on Education Abroad Inc

Analysis

Forum on Education Abroad Inc is a registered charity in United States, based in Carlisle, PA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Forum on Education Abroad Inc reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.3m (+39%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forum on Education Abroad Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include American Writers Museum ($2.3m), Mint Theater Company Inc ($2.3m) and The Policy Circle Co ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $290k (12% of expenses). Other salaries and wages came to $698k. At year end it held assets of $3.2m against liabilities of $1.1m, net assets of $2.1m. It reported 10 employees.